Strive raises Bitcoin holdings to 23,156 BTC after $143 million purchase
Strive’s $143 million Bitcoin purchase and Strategy’s return from a 10-week pause revive treasury demand even as the sector has shed more than $80 billion in market value.
The acquisition amount, total holdings, purchase cost, and average price are directly supported by Matt Cole's contemporaneous X post. CoinNess independently matches those figures. Crypto Briefing supports the ranking and the general equity-issuance funding characterization, but its inconsistent BTC-purchase figures mean the equity-funded and fifth-place qualifiers are supported with less certainty than the core transaction details.
Strive, the publicly traded asset manager and Bitcoin treasury company trading as ASST, bought 1,800 BTC between August 24 and August 28 for about $143 million at an average of $79,431 per coin including fees, lifting total holdings to 23,156 BTC from 21,356 BTC and moving past Bullish into fifth place among publicly traded corporate Bitcoin holders behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings. An August 31 Form 8-K confirmed the purchase, which followed a prior-week buy of 1,110 BTC and raised Strive’s year-to-date Bitcoin yield to 40.8% as of August 28, while Bitcoin held per effective common share rose about 4.3% even as share count increased roughly 4.0%. TD Cowen raised its ASST price target more than 14% to $32 from $28 with a Buy rating and now expects nearly 4,300 BTC of third-quarter purchases versus a prior 1,500 forecast. Strategy resumed buying with 4,603 BTC for about $369.7 million after a roughly 10-week pause during which it sold 6,916 BTC for approximately $430 million, and Bitmine disclosed its largest Ethereum purchase since June. Public companies hold about 1.264 million BTC across 198 firms, with the top five controlling roughly 78.4% and Strategy alone more than 66%; the Financial Times reported treasury firms have shed more than $80 billion in market value from their mid-2025 peak, with the top 50’s combined market cap falling from about $150 billion to about $67 billion as weaker copiers retreat and stronger operators keep accumulating.
- Bitcoin yield: A metric that compares growth in a company’s bitcoin holdings relative to its share count.
- Bitcoin treasury company: A public company that holds Bitcoin as a major corporate treasury asset and may raise equity to buy more.
- Form 8-K: A U.S. SEC current report used by public companies to disclose material events to investors.